Thursday, March 24, 2011

Response to Shikha

Is there any company in Malawi that is currently spinning the cotton and producing cotton yarn?

Answer: No, not at the moment.

This is an area with investment potential, with big returns.

Especially the production of cotton yarn; that can really bring in good returns.

But, of course- as I believe you know, Shikha- it requires huge investments.

Our State President, His Excellency Ngwazi Professor Bingu wa Mutharika, was opening a Rab Processors plant some three days ago, and encouraged foreign direct investment.

He also pledged to safeguard the peace of investors.

Malawi is a peaceful country, largely, and offers many investment opportunities. There is untapped potentail in tourism, market gaps in manufacturing industry (especially as it relates to cotton spinning and the production of cotton yarn.

I hope this suffices. My apologies for responding a bit late.

Thanks for writing Shikha.

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